Mortgage and Financial News From 2008-5-27 Page 13

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• Shore up your finances (The Morning Call)

  To help reduce debt, focus on fundamentals There is no leniency.
  2008-05-25 03:42:39

• Fuel prices' toll on U.S. economy (The Christian Science Monitor via Yahoo! News)

  Obviously, the sharp rise in the price of oil – $80 a barrel higher than a year ago – has major, negative consequences for the economy.
  2008-05-27 01:00:00

• Hong Kong Stocks Gain for First Time in Four Days; HSBC Climbs - Bloomberg

  May 27 (Bloomberg) -- Hong Kong's stocks rose for the first time in four days, led by banks, after the city's monetary authority said new mortgages grew 67 percent in April. HSBC Holdings Plc , the world's third-largest bank by value, rebounded from ...
  2008-05-27 02:14:00

• UPDATE: BBA: UK April Mortgage Approvals, Lending Rise - FXStreet.com

  LONDON (Dow Jones)--U.K. mortgage lending rose in April with support from strong remortgaging activity, but mortgage approvals remained significantly weaker than last year as the credit crunch continued to weigh on activity in the housing market ...
  2008-05-27 01:59:00

• UK BBA mortgage approvals have increased slightly in April - FXStreet.com

  FXstreet.com (Barcelona) – Mortgage lending figures have been in April slightly higher than in March, with high numbers of re-mortgaging loans approved, according to the latest report by the British Bankers Association. The number of mortgages ...
  2008-05-27 01:52:00

• UK April Mortgage Approvals Climb - BBA - RTT News

  (RTTNews) - The number of loans approved in the UK for house purchases stood at 38,704 in April, up from a revised 35,546 in the prior month, the British Bankers' Association, or BBA announced Tuesday. However, loans approved declined 39.4% from the ...
  2008-05-27 01:59:00

• StanChart positive on Thailand despite uncertainty - Guardian Unlimited

  BANGKOK, May 27 (Reuters) - The Thai unit of Standard Chartered Bank's 2888.HK> said on Tuesday it was still positive on Thailand despite renewed political uncertainty, citing long-term investment trends and upbeat consumer lending. The biggest ...
  2008-05-27 02:14:00

• UK April mortgage approvals 2nd weakest on record - Guardian Unlimited

  Pressures on household finances, stalling house prices and tighter lending criteria in response to lower liquidity are all constraining demand for house purchase and equity withdrawal loans, which are both well down on levels last year," said BBA ...
  2008-05-27 02:14:00

• UK April mortgage lending edges up on high levels of remortgaging ... - CNBC

  LONDON (Thomson Financial) - Growth in mortgage lending in the United Kingdom edged up in April from March, mainly thanks to remortgaging as new purchases remained scarce, a leading banking group said. The British Bankers' Association said mortgage ...
  2008-05-27 02:06:00

• April mortgage approvals fell sharply yr/yr - International Herald Tribune

  LONDON : Mortgage approvals for house purchase were nearly 40 percent lower than at the same time last year in April, although they rose from March's record low, a survey showed on Tuesday. The British Bankers' Association said approvals for home ...
  2008-05-27 01:31:00

• (AFX UK Focus) 2008-05-27 10:44 UK April mortgage lending edges up on high levels of remortgaging - BBA UPDATE (Interactive Investor)

  (Adds analyst comment on mortgage approvals from par 10)
  2008-05-27 03:09:09

• Pound falls to 5-day lows versus dollar and euro (Nasdaq)

  (RTTNews) - The British pound fell to a 4-day low against the Swiss franc and 5-day lows against its US and European counterparts during early deals on Tuesday. Against its Japanese counterpart, the pound weakened after hitting a 4-day high by about 2:50 am ET.
  2008-05-27 03:09:44

• Housing slowdown may be boon for first-time buyers (Orlando Sentinel)

  First-time homebuyers squeezed out of the market by the 2004-06 housing-price surge may want to consider taking the plunge now.
  2008-05-27 03:11:10

• Remortgaging market boosts lending (Channel 4)

  A buoyant remortgaging market helped boost mortgage lending to £17.8 million last month in a sign that the home loan sector has not ground to a halt, figures have revealed .
  2008-05-27 03:12:28

• Record savings contrast subdued mortgage market (Guardian Unlimited)

  Mortgage lending was 7.7% down in April, while money paid into bank accounts hit record levels
  2008-05-27 03:15:01

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